There are a few questions I have as my income isn't high and I know it might be hard to get a loan for a house but I do have enough capital raised for a down payment (15k).

We could lower the price for a higher interest rate, whatever you want to do".With that said, I think he knows his ask is far too high.

Correct this is a very niche industry that is high risk high reward. 

Monthly New Job market numbers are initially released high and revised down a few months later to camouflage the issue.

This type of product carries high risk. 

If you rent this condo out and it brings in some positive cashflow, and then you move into a multifamily say 4 unit with an FHA or even conventional loan, you'll probably be spending about $40k-$50k all in on a high quality property.

Coming from someone who bought their first investment properties out-of-state, I would highly recommend it!

Screaming high / fast interest rates employed by the Fed, $10 Trillion in federal spending, extremely low home sales, corporate earnings revised lower and lower, inverted yield curve for Treasury Bonds, etc…, all indicated a recession on the horizon.

However, it is ideal for the high-income earners (and thus high tax liability). 

That's going to be tough in a high price, higher interest marketplace.